In the first six months this year, BaoViet Bank’s net profits had fallen 42 percent year-on-year to VND10.5 billion ($453,000), a result of rising operating costs and falling income from foreign exchange and financial services, according to the bank’s latest financial report.

Total bank assets at the end of June this year were valued at VND52.16 trillion ($2.25 billion), down more than VND3.7 trillion ($159.56 million) compared to the end of 2018.